Metro Bank senior managers are being grilled by the U.K. Financial Conduct Authority (FCA) about a misreporting scandal that caused stock values to fall in excess of 80 percent, the Financial Times reported on Tuesday (Sept. 17). Get the Full Story Complete the form to unlock this...
An increased number of banks are swapping their own regulators for oversight by the Office of the Comptroller of the Currency (OCC), The Wall Street Journal reported on Tuesday (Sept. 17). Get the Full Story Complete the form to unlock this article and enjoy unlimited...
The Australian Securities and Investments Commission (ASIC) is just weeks away from filing lawsuits against the country’s biggest banks, as the regulator increases its active investigations, Reuters reported on Monday (Aug. 19). Get the Full Story Complete the form to unlock this article and enjoy...
The Office of the Comptroller of the Currency (OCC) has announced that it’s going to realign about 150 staff members in two new units, the organization said in a press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
Among the main stories in payments in recent months has been the increasing push to reform federal banking laws so that legal cannabis retailers can move away from their cash-based businesses and move further into the world of the digital payments. Get the Full Story...
The U.K.’s Competition and Markets Authority (CMA) is ordering Barclays to improve its treatment of small and medium-sized businesses (SMBs) after the financial institution reportedly admitted to initially failing to change practices to comply with CMA requirements. Get the Full Story Complete the form to...
President Trump has made two new nominations to the U.S. Federal Reserve. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By...
Internal auditors at Deutsche Bank found weaknesses in anti-money laundering processes resulted in checks and high-value electronic payments being processed without undergoing the proper vetting. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
Open Banking is brand new, but maybe not. Token.io Limited CEO Steve Kirsch tells Karen Webster that there are limitations with PSD2 amid a lack of API standardization. There’s precedent in the World Wide Web when it comes to having the most open protocols in accessing financial...
